As a new market reality sets in, Bank of America Merrill Lynch has urged investors not to make rash moves with their current investments, and to also consider asset classes poised to profit in current conditions.
“Investors really need to resist the temptation to either sell and to panic, or frankly even to buy on the dips,” said Lisa Shalett, Bank of America Merrill Lynch Global Wealth Management chief investment officer and head of investment management and guidance. “Market timing here is just impossible to do, so we need to continue to think about asset allocation as our anchor.”
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